what's your business worth
Knowing the true value of your business is critical to proper business planning and achieving personal goals. Through our valuation process, we can help answer the questions that will lead you to make informed decisions for your future.
Amazingly, 75% of the world’s 200 million small businesses don’t know what they’re worth. In the opinion of the Small Business Association in the U.S. (where 30 million of those SMBs are located), this is one of the two most important challenges these companies and their owners face. So why do so few organizations lack and fail to pursue this critical knowledge? For one thing, it was expensive. The average offline business valuation costs roughly $8,000. And what’s more, traditional valuations typically take many weeks, and potentially several months.
Still, possessing an understanding on one’s business value is perhaps the key ingredient when aiming to undertake a host of strategic activities and decisions.
Why you should have a business valuation
- To better understand your business and its potential
- When you plan to sell your business
- To know the value of your largest asset in order to properly plan your retirement
- During Buy/Sell Agreements with business partners
- In order to ensure that your business and your family are properly protected
- When considering funding opportunities
- To plan for the future of your business with a qualified succession plan
- When you plan to buy a business
- To prepare for taxable events such as gifting or grants